On competitive cycles in productive economies

Jess Benhabib; Guy Laroque

doi:10.1016/0022-0531(88)90258-X

On competitive cycles in productive economies

Jess Benhabib, Guy Laroque

Research output: Contribution to journal › Article › peer-review

Abstract

In a model of overlapping generations with production, money, and an endogenous labor supply, general conditions are given for the existence of two different types of cyclical equilibria. The conditions are given in terms of the elasticities of demand for savings and for capital with respect to the interest rate and of the capital-consumption ratio at the golden rule steady state. Examples using CES technologies are also studied.

Original language	English (US)
Pages (from-to)	145-170
Number of pages	26
Journal	Journal of Economic Theory
Volume	45
Issue number	1
DOIs	https://doi.org/10.1016/0022-0531(88)90258-X
State	Published - Jun 1988

ASJC Scopus subject areas

Economics and Econometrics

Access to Document

10.1016/0022-0531(88)90258-X

Fingerprint Dive into the research topics of 'On competitive cycles in productive economies'. Together they form a unique fingerprint.

Cite this

@article{ca93c0b3f58c42418ec25821c17acef8,

title = "On competitive cycles in productive economies",

abstract = "In a model of overlapping generations with production, money, and an endogenous labor supply, general conditions are given for the existence of two different types of cyclical equilibria. The conditions are given in terms of the elasticities of demand for savings and for capital with respect to the interest rate and of the capital-consumption ratio at the golden rule steady state. Examples using CES technologies are also studied.",

author = "Jess Benhabib and Guy Laroque",

year = "1988",

month = jun,

doi = "10.1016/0022-0531(88)90258-X",

language = "English (US)",

volume = "45",

pages = "145--170",

journal = "Journal of Economic Theory",

issn = "0022-0531",

publisher = "Academic Press Inc.",

number = "1",

}

TY - JOUR

T1 - On competitive cycles in productive economies

AU - Benhabib, Jess

AU - Laroque, Guy

PY - 1988/6

Y1 - 1988/6

N2 - In a model of overlapping generations with production, money, and an endogenous labor supply, general conditions are given for the existence of two different types of cyclical equilibria. The conditions are given in terms of the elasticities of demand for savings and for capital with respect to the interest rate and of the capital-consumption ratio at the golden rule steady state. Examples using CES technologies are also studied.

AB - In a model of overlapping generations with production, money, and an endogenous labor supply, general conditions are given for the existence of two different types of cyclical equilibria. The conditions are given in terms of the elasticities of demand for savings and for capital with respect to the interest rate and of the capital-consumption ratio at the golden rule steady state. Examples using CES technologies are also studied.

UR - http://www.scopus.com/inward/record.url?scp=0000111959&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0000111959&partnerID=8YFLogxK

U2 - 10.1016/0022-0531(88)90258-X

DO - 10.1016/0022-0531(88)90258-X

M3 - Article

AN - SCOPUS:0000111959

VL - 45

SP - 145

EP - 170

JO - Journal of Economic Theory

JF - Journal of Economic Theory

SN - 0022-0531

IS - 1

ER -